STOCK TITAN

AT&T Inc. - T STOCK NEWS

Welcome to our dedicated page for AT&T news (Ticker: T), a resource for investors and traders seeking the latest updates and insights on AT&T stock.

AT&T Inc. (NYSE: T) is a leading American multinational telecommunications holding company headquartered in Whitacre Tower, Downtown Dallas, Texas. As the world’s third-largest telecommunications company by revenue and the third-largest provider of mobile telephone services in the U.S., AT&T has a significant impact on the global communications landscape.

The company’s wireless business generates about two-thirds of its revenue, with AT&T being the third-largest wireless carrier in the U.S., connecting approximately 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which include internet access, private networking, security, voice, and wholesale network capacity, account for about 16% of the company’s revenue.

In addition to its U.S. operations, AT&T has a considerable presence in Mexico, with 22 million customers, contributing 3% to its total revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.

For 2024, AT&T continues to push forward with significant investments in 5G and fiber optic networks, contributing to steady subscriber growth in these areas. The company also reported a strong financial performance in the fourth quarter of 2023, with free cash flow reaching $16.8 billion, surpassing its full-year guidance.

AT&T’s strategic efforts to drive profitable growth include enhancing its 5G and fiber networks, focusing on customer satisfaction, and expanding its broadband infrastructure. The company’s transformation initiatives are aimed at supporting margin growth and ensuring sustainable business performance.

In recent news, AT&T reported strong first-quarter results for 2024, highlighted by consistent 5G and fiber customer additions and increased mobility service and broadband revenues. The company also addressed data security concerns related to a data set released on the dark web, ensuring proactive communication with affected customers and offering credit monitoring services where applicable.

Looking ahead, AT&T plans to continue scaling its connectivity services to meet the increasing demand for seamless broadband, thereby driving durable growth for its shareholders. The company’s commitment to innovation and enhancing customer experiences remains central to its business strategy as it navigates the evolving telecommunications industry.

For more information about AT&T Inc. (NYSE:T), please visit about.att.com. Investors can learn more at investors.att.com.

Rhea-AI Summary

At the UBS Global TMT Conference, AT&T COO Jeff McElfresh provided a positive update on the company’s growth strategies. He highlighted continued healthy customer growth in 5G and fiber services, supported by high demand. The company aims to reach over 30 million fiber locations by 2025, with present capabilities at 18.5 million for consumers and 3 million for businesses. Capital investments are projected around $24 billion for 2022, while free cash flow targets remain at $14 billion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
none
-
Rhea-AI Summary

Delaware County, Indiana, has announced a $2.3 million project with AT&T to deliver fiber internet with speeds up to 5 Gbps to nearly 1,250 locations. The project, pending final contract approval, aims to enhance digital connectivity and economic opportunities in the area. AT&T's initiative underscores a public-private partnership to close the digital divide, improving internet access for residents and businesses alike. The buildout is expected to be completed within 18 months once the contract is finalized.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
none
-
Rhea-AI Summary

AT&T will hold a webcast of a fireside chat featuring COO Jeff McElfresh at the UBS Global TMT Conference on December 6, 2022, starting at 8:20 a.m. ET. The event will be accessible live and for replay on the AT&T Investor Relations website, encouraging attendees to log in early due to potential schedule changes. AT&T, serving over 100 million consumers and nearly 2.5 million businesses, continues to innovate in telecommunications.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
conferences
Rhea-AI Summary

AT&T's CFO, Pascal Desroches, spoke at the Morgan Stanley European Technology, Media & Telecom Conference, outlining the company's focus on growth through 5G and fiber. AT&T is experiencing healthy customer demand and has achieved cost savings from recent investments. The company reported accelerating third quarter adjusted EBITDA growth and aims to continue its fiber expansion, targeting over 30 million locations by 2025. Despite inflationary pressures, Desroches remains confident in AT&T's connectivity services and expects strong capital investment levels while maintaining free cash flow guidance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
none
-
Rhea-AI Summary

AT&T has been awarded the 2022 US Dedicated Internet Access Market Leadership Award by Frost & Sullivan, highlighting its strong performance in the dedicated internet service market. The AT&T Dedicated Internet service, which serves approximately 9.5 million business locations in the U.S., utilizes a robust IP backbone that handles 535.7 petabytes of daily traffic. Features include dedicated bandwidth from 2 Mbps to 1 Tbps, robust SLAs, and enhanced customer service. The award recognizes AT&T's innovative offerings and distinguished brand strength in the telecommunications sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
none
-
Rhea-AI Summary

AT&T and Citi have launched the new AT&T Points Plus Card, a no annual fee credit card aimed at rewarding wireless customers. The card allows cardmembers to earn up to $240 annually in statement credits for their AT&T wireless bills after eligible spending. Customers earn 3 ThankYou Points per dollar spent at gas stations, 2 Points at grocery stores, and 1 Point on other purchases. New cardholders can also receive a $100 bonus after spending $1,000 within the first three months.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
none
Rhea-AI Summary

AT&T will host a webcast of a fireside chat featuring CFO Pascal Desroches at the Morgan Stanley European Technology, Media & Telecom Conference on November 17, 2022, starting at 6:20 a.m. ET. The event will be accessible live and for replay on AT&T Investor Relations' website. AT&T connects over 100 million U.S. customers and nearly 2.5 million businesses, providing cutting-edge communication services, including 5G wireless and multi-gig internet.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
Tags
conferences
-
Rhea-AI Summary

AT&T has opened its 20th Connected Learning Center (CLC) in Detroit, part of a broader initiative to establish 50 centers nationwide in collaboration with Boys & Girls Clubs. This project is part of a $2 billion commitment from 2021-2023 aimed at bridging the digital divide by providing communities with internet access, computers, and digital skills. The centers offer free resources including AT&T Fiber internet and tutoring, assisting students and families in underserved areas. CEO John Stankey emphasizes the importance of these centers for fostering educational and economic success.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
none
-
News
Rhea-AI Summary

AT&T (NYSE: T) reported strong subscriber growth in Q3, adding 708,000 postpaid phone subscribers and over 2.2 million overall. The company also achieved 338,000 net adds in AT&T Fiber, driving a 5.6% increase in wireless service revenues—the best growth in over a decade. Consolidated revenues from continuing operations were $30 billion, with diluted EPS at $0.79. The firm expects adjusted EPS for the full year to exceed $2.50, underpinned by robust cash flow of $3.8 billion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.72%
Tags
Rhea-AI Summary

AT&T has launched a new fiber-optic network in Vanderburgh County, Indiana, as part of a $39 million deployment. CEO John Stankey announced the initiative, which will provide broadband access to over 20,000 locations in a rural area where one-third lacked fixed broadband. The project is funded through a public-private partnership, with Vanderburgh County contributing $9.9 million and AT&T covering $29.7 million. The network will deliver speeds up to 5 Gbps and is expected to enhance connectivity for residents and businesses by November 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
none

FAQ

What is the current stock price of AT&T (T)?

The current stock price of AT&T (T) is $22.95 as of December 24, 2024.

What is the market cap of AT&T (T)?

The market cap of AT&T (T) is approximately 164.7B.

What is AT&T's primary business?

AT&T primarily operates in the telecommunications industry, offering mobile telephone services, fixed-line enterprise services, and broadband internet access.

How significant is AT&T's wireless business?

AT&T's wireless business is crucial, contributing about two-thirds of its revenue. The company connects approximately 72 million postpaid and 17 million prepaid phone customers.

What are AT&T's recent achievements?

AT&T achieved strong fourth-quarter and full-year results in 2023, surpassing its guidance for adjusted EBITDA, mobility service, and broadband revenue growth. In Q1 2024, the company saw continued growth in 5G and fiber customer additions.

Does AT&T operate outside the United States?

Yes, AT&T has a significant presence in Mexico with 22 million customers, although this only accounts for 3% of its total revenue.

What is AT&T's approach to data security?

AT&T proactively addresses data security concerns. Recently, the company communicated with affected customers regarding a data set released on the dark web and offered credit monitoring services.

What is the outlook for AT&T in 2024?

AT&T plans to continue investing in its 5G and fiber networks, focusing on scaling connectivity services to meet growing broadband demand and driving durable growth for shareholders.

How does AT&T support its financial growth?

AT&T supports its financial growth through strategic investments in advanced networks, enhancing customer satisfaction, and implementing transformation initiatives to improve margins.

What kind of services does AT&T offer to businesses?

AT&T provides fixed-line enterprise services including internet access, private networking, security, voice, and wholesale network capacity.

What is AT&T's involvement with DirecTV?

AT&T holds a 70% equity stake in DirecTV but does not consolidate its financial results within its statements.

Where can investors find more information about AT&T?

Investors can learn more about AT&T by visiting the company's investor relations website at https://investors.att.com.

AT&T Inc.

NYSE:T

T Rankings

T Stock Data

164.67B
7.16B
0.08%
62.31%
1.5%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
DALLAS